Comments
Shares in Wokhardt Ltd gained as much as 2.5 per cent as Citigroup upgraded the stock to "buy" from "sell" and increased the price target to Rs 1,880 from Rs 1,010.
US business is likely to deliver higher margins given the niche products in its portfolio, Citigroup said.
Wockhardt's earnings could double, even on conservative assumptions, once it resolves issues at two plants under import alerts, Citi said.
On Thursday, Macquarie upgraded the stock to "outperform".
Shares in Wockhardt gained 123.2 per cent in 2014, outperforming the 31.4 per cent rise in the broader NSE index.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.